UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported): January 08, 2018

 

12 RETECH CORPORATION

(Exact name of registrant as specified in its charter)

 

Nevada   333-201319   38-3954047

(State or other jurisdiction
of incorporation)

  (Commission
File No.)
  (IRS Employer
Identification No.)

 

Unit B, 22/F, Times Tower

391-407 Jaffe Road

Wan Chai, Hong Kong

Tel: 852-6072-0269

(Address of principal executive offices, including Zip Code)

 

Check appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below)

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

Item 8.01 Other Events

 

Entry into a Letter of Intent to make an Acquisition:

 

On December 12, 2017, the Company entered into a Letter of Intent (“LOI”) to Acquire 100% of the equity interests in Krazy Larry Inc. in exchange for 4.75 million of the Company’s SEC Rule 144 restricted common shares to be issued by the Company at closing. After closing The Company is obligated to invest up to $500 thousand dollars into the Krazy Larry Inc. for growth purposes. There are no other contingencies except for the normal caveats about completion of due diligence acceptable to the Company in its sole discretion, preparation and execution of the definitive agreements and the ability of Krazy Larry Inc. to pass a PCAOB audit. All existing members of the Krazy Larry Inc. management team will remain post acquisition. Krazy Larry Inc. has represented to the Company that in 2017 they reached $7.4 million in sales with approximately $1.6 million in EBITDA.

 

On January 4, 2018, the Company has completed its due diligence and is moving forward with definitive documents.

 

Exhibit No.

  Description
     
99.1   12 ReTech Corporation Provides Update to Shareholders at the Start of FY2018

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: January 07, 2018

 

12 Retech Corporation  
     
  /s/ Angelo Ponzetta  
By: Angelo Ponzetta  
Its: Chief Executive Officer  

 

 

 

 

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